Supreme Court Justice Manmohan called the Kesavananda Bharati judgment India’s key contribution to global rule-of-law discourse. He said, “This basic structure doctrine has ensured the Constitution has survived 75 years, far beyond the usual 20-year lifespan.”
Chief Justice BR Gavai discussed the Indian judiciary’s efforts to enhance arbitration through progressive Supreme Court rulings while aligning with international standards to boost investor confidence. He emphasized the importance of adopting global best practices and improving local arbitration frameworks to foster a trustworthy business environment, crucial for attracting international investments.
The Supreme Court of India dismissed a Public Interest Litigation by MP Mahua Moitra aimed at enhancing transparency in financial markets concerning Alternative Investment Funds (AIFs) and Foreign Portfolio Investors (FPIs). The petition emphasized disclosure of ultimate beneficial owners, arguing that the current opacity raises risks of market manipulation, money laundering, and economic instability.
Today, On 27th November, Gautam Adani and several executives from Adani Green faced allegations of securities law violations related to a bribery scheme in India. The U.S. SEC’s complaints and criminal indictments indicate serious legal challenges for the Adani Group, leading to significant financial losses and declines in stock prices for Adani Green.